We have more good news regarding the Hamptons Real Estate market trends!

April 26 2013 Update **

“If the Hamptons real estate market celebrated the end of last year with a boom — as high-end homebuyers rushed to complete deals before capital gains tax rates spiked at the start of 2013 — then the last three months must have felt like a hangover. Home sales and prices in the tony enclave plummeted in the first quarter of this year, according to reports released today by the area’s largest residential brokerages. The average sale price dropped 29.4 percent, to $1.22 million from $1.72 million, compared to the same period in 2012. ”

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According to Melissa Dehncke-McGill, a reporter at TRD.com:

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Long Island’s East End was hit hard by the real estate downturn, but not by Hurricane Sandy, which largely bypassed the area. Thanks to that stroke of good luck — coupled with the improving economy — the popular vacation spots in the Hamptons and North Fork are now seeing a definite rebound from the post-financial crisis slump.

This month, The Real Deal asked residential brokers for the lay of the land on the East End. Hamptons sales activity leaped 29 percent between 2011 and 2012, according to the one agency, and brokers said they are now seeing bidding wars as the number of homes on the market dwindles. In another positive sign, developers are once again building multimillion-dollar spec homes. Sales prices have now stabilized, brokers said, though they are still off 15 to 20 percent from their boom-time highs. The median price in the Hamptons for the fourth quarter of 2012 climbed slightly from 2011 to $1.81 million, according to them.

As for the upcoming summer season, brokers said rates for rental homes are roughly on par with last year, and would-be vacationers started looking earlier than usual. But not to worry — “there still are plenty of great homes available for rent” this summer, said a Southampton broker.

On the retail front, brokers said trendy new hot spots in Montauk — such as the Surf Lodge, Ruschmeyer’s hotel and the Sloppy Tuna restaurant — are prompting home seekers to look farther east for summer vacation locales, among other factors.”

In the basic application of economics, we can see we are at that golden point of equality for buyers and sellers: the right amount of demand with the right amount of supply. Given the nature of the real estate market, the Hamptons Real Estate in particular, it can be surmised that this is temporary and it will only be a matter of time before an inevitable price increase across the board.

A Hamlet on the south coast of Long Island, Westhampton offers the shopping and recreation opportunities of a summer tourist hot spot with the atmosphere of a small town for permanent residents. The neighborhood is bordered by water on three sides, with Moriches Bay to the south, Beaverdam Pond and its stream to the east, and a long inlet to the west. Across the Bay, Fire Island is visible with the Atlantic Ocean beyond. Mornings feature the dazzling sunrises over Fire island that give the island its name.

Westhampton itself is mostly residential, home to approximately 4,000 year-round residents. The main shopping district includes boutique shops and a nightclub. Surrounding communities of Westhampton Beach, Westhampton Dunes, Remsenburg and Quioque offer public beaches, dining and shopping. Close to the north are extensive nature parks including Long Island State Pine Barrens and Bald Hill County Park. New York City, with its unrivaled cultural and entertainment options, is just two hours west via the Long Island Expressway.

An unincorporated community, shares fire and school services with other villages in the Town of Southhampton. Suffolk County Police Department provides law enforcement. Homes in this village are affordable for professionals and working families, with a median household income of just under $80,000.

The real estatemarket was the first to crash during the recession; now, however, the market is on the rise with a vengeance. Westhampton beachreal estate is especially in demand, as the gap between inflated home prices and realistic home prices in the Hamptons begins to narrow. The housingmarket in New York is stabilizing; an era is ending and it’s simply time for some people to sell their Hamptonshome and retire somewhere warm all year. Or maybe you’ve already enjoyed your Hamptons summer property and understand it’s time for a change or an upgrade; either way, the time is now.

2) Now is the time to buy

(( The Hamptons Real Estate . com™ ))

1 & 2, juxtaposed, may look peculiar but it all makes perfect sense. Westhamptonreal estate prices are the rare crossroads between the booms and the recessions, where buyers are hungry for profit and sellers are sensible enough to list their homes at prices that make sense. Prices are down as far as 33% in some cases – that’s a third of the original listing price! Selling a home in the Hamptons will still net a very large profit; buying a home in the Hamptons will secure a future an investment in your happiness or an asset in your finances.

“The favorable opportunity must be seized; for fortune is female, and if you balk at her today you must not expect to see her tomorrow”

The quote, while dated, stands the test of time and applies to Southamptonreal estate, Westhamptonreal estate, and Westhampton beachreal estate transactions – buyers and sellers alike.

Oceanfrontproperties in Westhampton Beach, Southampton, and the Hamptons in general are not hard to find. Even unlisted Hampton’sproperties can be brought into your pocket with the right amount of zero’s. No matter how many properties an agent has moved, no matter the figures they throw around, you still cannot buyexperience, expertise, and professionalism. Do you want to be a statistic or do you want to be an oceanfronthome renter or buyer who receives all the due attention they deserve?

We’ve all seen this in the news and in our lives – massive companies with massive consumerist-hate base. If you desire an oceanfrontrentalproperty then you are naturally looking of something of quality and specificity. This is not to say that there are genuinely good and decent people in some of the larger firms, however. Every market has a niche sub-market. Oceanfront Hamptons Homes is one of those markets, and selecting the right agent in the right market is a top priority.

It’s 2013 – Hamptons house buyers and renters know what they want; Hampton’shomesellers and owners will notice that the mega-conglomerate companies, despite the best efforts of a select group of very decent and respectable agents, are starting to look bloated.

I leave you with this final thought: how many apex predators do you know that live and hunt in packs? Not many.

And of those that do: how many are related to hyenas, in behavior and general scavenger mentality?

Looking for Hamptons Oceanfront Real Estate? Look no further. Nestled in a prime location “between the bridges” on prestigious Dune Road in Westhampton Beach, this stunning home features an ocean side heated Gunite pool and spa embraced by an enormous deck with a cabana and a full-service bar. Incredible seaside views predominate, while each and every room of the house accesses the decks and beach, proving this home an ideal waterfront paradise. Gracious living areas include five bedrooms plus an office or den, five and one-half baths, a bright airy living room with fieldstone fireplace and a gourmet kitchen with top-of-the-line appliances. Also outdoors, a north-south Har-tru tennis court with a shady pergola and a gated drive leading to the oversized four-car garage and large protected parking area. This retreat promises an impeccable beachfront lifestyle.